Sophisticated M&A work, for the owners who are usually denied it.
We are hiring experienced brokers and M&A advisors to run prepared, documented sale processes for owners of companies worth $1M to $100M. Remote and commission only, with qualified leads, marketing and the deal materials provided by the firm.
- Location
- Remote, 10 states
- Pay
- Commission only
- Engagements
- $1M to $100M enterprise value
- Client side
- Sellers only
Why experienced advisors join
Larger engagements
Owners of companies between $1M and $100M in enterprise value, with EBITDA between $500K and $25M.
Qualified leads
The firm's marketing and outbound produce seller leads, and qualified ones are assigned to you.
Marketing and outbound
Search, social media, published research and outreach to business owners, all run by the firm.
Deal materials created for you
The financial model, teaser and CIM are built by the firm, with an analyst on the numbers.
Nothing off the top
No franchise fee, no territory to buy, no royalty on your production and no monthly technology, CRM or marketing fee.
Remote, from your own market
The role is 100% remote. There is no office to report to.
Institutional method, at the size where almost nobody bothers
An owner selling a company worth two hundred million is advised. An owner selling one worth eight million is usually listed. The difference is not the quality of the business. It is that the work of preparing a company properly costs the same at either size, and most of this industry has decided it is not worth doing at the lower end.
Wraith was built on the opposite view. The owner of a twelve-million-dollar business has spent twenty years building it and will sell it once. That is the only transaction they will ever run, and it deserves a process rather than a listing.
The mandate range is $1M to $100M in enterprise value and $500K to $25M in EBITDA. Within it, the work is meant to look like the work done one tier up.
A typical week
No two weeks match, but a week here usually includes some of this.
- Meetings with owners considering a sale, from qualified leads the firm assigns and from your own network
- Advising owners on valuation, timing and how to prepare the business for market
- Reviewing the financial model, teaser and CIM the firm has prepared, and walking the owner through them
- Buyer outreach and calls: NDAs, questions and indications of interest
- Negotiating letters of intent and managing diligence through to closing
How the work is done here
Four things that are true of every engagement, and that you can check on this site before you speak to anyone.
The financial work is done before the market sees it
The financial model, teaser and CIM are prepared by the firm, with an analyst on the recasting and add-backs, before any buyer sees the business. A number that cannot survive diligence should never have left the building.
Research an owner can read before the first meeting
Thirty-two published write-ups on what shapes the sale of a business in each state, from licensing to tax and non-compete rules, each citing its source and the date it was checked. Owners arrive better informed, and the conversation starts from facts rather than from memory.
A controlled process, not an auction of convenience
Scheduling, the data room, the CRM and the process administration sit with the firm. The advisor spends their hours on owners and buyers, which is the only part of this work that cannot be delegated.
The owner is told the truth about timing
Where the right answer is to wait, that is what the firm says. A valuation an owner sits on for three years is still a valuation worth having, and it is a better outcome than a process that should not have been started.
None of that is unusual in middle-market investment banking. It is unusual at this deal size, which is the whole reason the firm exists.
Commission only, with nothing taken off the top
Compensation here is commission only. There is no base and no draw. You get the split in writing on the first call, before you tell us anything about your book, your clients or your current agreement.
Nothing is deducted before that split is applied. There is no franchise fee, no territory to purchase, no royalty on your production, and nothing billed to you monthly for technology, a CRM or marketing.
What changes your year at this level is rarely the percentage. It is the size of the engagements you can credibly win and the number you can run properly at once. The median price of a business sold through the largest marketplace in 2025 was $350,000. Wraith’s engagements start at $1M in enterprise value.
BizBuySell Insight Report. Checked 2026-09. Marketplace transactions, which skew to Main Street. It is the clearest published benchmark for the size of deal most brokers spend their year on.
For how commission splits, franchise royalties and desk fees work across the industry, see what a business broker actually keeps.
What you own, and what the firm owns
Set out as two lists, so the division of labour is clear before you apply rather than after.
What you will not be doing
- Building the financial model, teaser and CIM. The firm creates them.
- Chasing signatures, scheduling and the data room. Coordination sits with the firm.
- Paying a monthly technology, CRM or marketing fee out of your own pocket.
- Buying a territory before you can work.
What is still entirely yours
- Winning the engagement, from qualified leads the firm assigns and from relationships of your own.
- Running the owner relationship from the first valuation conversation through to closing.
- Leading buyer negotiations and diligence.
We plan for you arriving with nothing
Whether anything restricts you depends on your own contract and your own state. We build the assumption that it does into how we onboard, so the question never becomes a problem for either side.
Brokerage and franchise agreements in this industry are generally written to keep your listings, your client relationships and your territory with the firm you are leaving, and to keep them there for a period after you go. The terms vary from firm to firm, and the only one that matters is the one you signed.
So we plan for you arriving with your judgment and your reputation and nothing else. We will not ask you to bring listings you are not free to bring, and we will not ask you to tell us who your clients are before you have taken advice on what you signed.
What replaces the book in your first months is the part we can actually do something about: qualified leads that the firm generates and assigns, and published work that gets you taken seriously in a room.
How a confidential conversation works
Discretion is the whole job on the sell side. It applies to you too.
The first conversation is a conversation, not an application. Nothing is filed anywhere, we do not contact your current firm, and we take no references until you tell us to and say who.
If it goes nowhere, it goes nowhere quietly. If you would rather not use a form at all, write to careers@wraithbrokerage.com from an address that is not your work one.
Open roles
Business Broker / M&A Advisor
Remote, in CA, TX, FL, NY, GA, OH, NJ, WA, MI, CO
Commission only · Experienced advisors · Sellers only
Licensing differs by state, and most states do not license business brokerage as its own category. The role page sets out what each state requires.
Read the work before you talk to us.
The fairest way to judge a firm is by what it publishes: the state research, the guides, and the two engagements written up in full. It is the same material our advisors put in front of owners.